L-3 Communications ups conversion ratio of 3% convertibles due 2035 to 9.8326

By Julie A. Miller

Washington, July 29 - L-3 Communications Holdings, Inc. announced that the conversion ratio for its 3% convertible contingent debt securities due 2035 in the Codes structure will increase to 9.8882 shares per $1,000 principal amount of notes from 9.8326.

The adjustment is required in connection with the regular quarterly dividends paid to shareholders and is effective for conversions taking place on or after July 29.

L-3, based in New York City, is an aircraft modernization and maintenance contractor and supplies technology and secure communications products to the U.S. Department of Defense, government intelligence agencies and aerospace contractors.

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